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Posted Date |
| Qurain Announces 1st Quarter Earnings of KD 3,251,537 |
April 21, 2010 |
| Kuwait – 21st April, 2010: Qurain Petrochemicals Industries Company (QPIC) announces a net profit of KD 3,251,537 for the quarter ended 31 March 2010, compared to KD 8,788,639 in the same period of 2009. The net earnings per share (EPS) is 2.97 fils compared with 8.00 fils for the same period last year. The decline in earnings is largely due to lower petrochemical prices in the first half of 2009 and pre-operating expenses of associate companies, namely The Kuwait Aromatics Company.
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